He has served as Partner, Managing Director and Co-Chairman of Creative Artists Agency (CAA) since October 1995. He also serves as a director of InterActiveCorp (IAC), an online media company headed by Barry Diller.

Lourd is married to Bruce Bozzi, great-grandson of Pio Bozzi, the founder of the world famous The Palm Restaurant, which has locations in Manhattan, Washington DC, East Hampton, Houston, Los Angeles, Nashville, Mexico City, and London. Bozzi is the company's current Executive Vice President.